OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

CHELTENHAM NETWORK CHURCH

TRUSTEES REPORT 2022

E F Brown (Chair) – C Brown (Treasurer) – R Atkin - L C Power – S J Robinson – A Tickle

Charity no 1079714

General Management

The trustees continue to be closely involved in the affairs and management of the church. They met formally five times during the year.

The Trustees have focused their efforts as follows: Safeguarding and staff matters

Engagement with the South Cheltenham Council – Co-opted by Vicar as required Representatives at the BMO Visitor's Council of Reference Meeting – co-opted by the vicar Working together with Emmanuel Church – sealing our partnership for the next 5 years.

At the beginning of the year we welcomed Rebecca Atkin to our board of trustees.

All the trustees have completed ‘Safeguarding’ training provided by the Gloucester Diocese.

We continue to work together with Emmanuel Church, meeting in the Emmanuel building and sharing our vicar and their facilities. This arrangement has now been extended for five years; our vicar Sarah has been licensed as vicar of Emmanuel Church in addition to being our vicar.

We continue to be an integral part of the South Cheltenham Team and enjoy an excellent working relationship with the leaders and members of the other churches in our area.

Finance

The treasurer attends trustee meetings and keeps the trustees up to date on all financial matters.

Giving was much the same as the previous year, but overall income at £79212 was higher (£1300)

due mainly to designated giving for Ukraine following the start of the war. We sent £2000 to the DEC Ukraine appeal. Expenses were almost identical at £74233 giving a balance on 31st December 2022 of £29383.11

We continue to have been pay the Diocese £500 less per month to cover Sarah’s salary. By changing the reserves policy, we have been able to make a number of extra payments to the Diocese to bring CNC up to date with its commitment as at the end of December 2022. The trustees and treasurer will review things regularly with a view to returning to paying the diocese the required monthly amount as soon as we can but in the meantime the adhoc payments ensure we are not running up any debt to the Diocese.

As a matter of good financial governance, CNC aims to have reserves of at least £20,000. In addition, we have over £9400 in the Building Fund.

The trustees are regularly looking at expenditure and are working on a more formal budget going forward.

The annual accounts for 2022 have been independently examined and approved by the Trustees.

The church has a policy of giving away 10% of our annual income to other charitable causes that come within the objects of the Trust.

Ethiopia

We have finished supporting Ethiopia as a separate wing of our charitable work; the account was closed off and the final sum of £1836 was sent to a similar charity supporting Christian work in Ethiopia.

Public Benefit

The trustees confirm that the general guidance on public benefit given by the Charity Commission has been duly considered and that the charity has complied with its duty to have due regard to public benefit. In particular this is seen in several activities:-

fL)r*/Tr Mrs E F Brown {Chair of Trustees)

CHELTENHAM NETWORK CHURCH STATEMENT OF FINANCES YEAR ENDED 31.12.2022

31.12.2022

BALANCE AT 31.12.2021 £24,404.33 note 1
RECEIPTS 2022 2021
NON GIFT AID 2699.00 4895.00
GIFT AID 53905.00 50145.00
TAX RECLAIMED 13692.50 note 2 13525.00
BANK INTEREST 176.57 72.87
CHARITIES AID DONATION 3240.00 3940.00
NETWORKS 1514.19
DESIGNATED GIFTING 3448.98
SUNDRIES 536.00 370.00
79212.24 79212.24 72947.87
£103,616.57
PAYMENTS
EVENTS 0.00 86.49
EMPLOYMENT COSTS 8142.00 8156.80
CONFERENCES/TRAINING 0.00 0.00
EQUIPMENT 333.14 118.52
MISSION/NETWORKS 2034.00 460.00
DONATIONS - GENERAL 4170.00 6270.00
ETHIOPIA 1836.19 480.00
YOUTH WORK 4761.13 6994.55
OFFICE COSTS 1770.36 145.61
MUSIC & VIDEO LICENSE 284.09 269.17
RENT 0.00 150.00
INSURANCE 330.48 329.51
SUNDRIES 258.32 1205.15
PARISH SHARE 46960.00 49500.00
DESIGNATED GIFTING 2093.75
WEBSITE REBRANDING 1260.00 720.00
74233.46 74233.46 74885.80
BALANCE AT 31.12.2022 29383.11
REPRESENTED BY :
CURRENT ACCOUNT C.A.F. 14222.11
SHAWBROOK
BANK
FIXED TERM 15161.00
29383.11
LESS UNPRESENTED CHEQUES
29383.11

NOTES TO ACCOUNTS

1. Represented by:
Current Account CAF
Virgin Money
Shawbrook Bank
2. Tax reclaimable in due course at
3. The following accounts are also held :
a) Building Fund account
CAF
S'brook
£1,115.87
£8,288.46
£15,000.00
£24,404.33
31.12.2022
Gen.fund
£1,153.75
£1,115.87
£8,288.46
£15,000.00
£24,404.33
31.12.2022
Gen.fund
£1,153.75
£1,115.87
£8,288.46
£15,000.00
£24,404.33
31.12.2022
Gen.fund
£1,153.75
£1,115.87
£8,288.46
£15,000.00
£24,404.33
31.12.2022
Gen.fund
£1,153.75
31.12.21 receipts 31.12.22
£1,416.02 £5.42 £1,421.44
£8,000.00 0.00 £8,000.00

4. DONATIONS ARE SHOWN BELOW

FEBA RADIO
SALVATION ARMY
LAKESIDE FOODBANK
STREET PASTORS
£250 MID.COTS.EV.ALLIANCE
£250 C.Y.F.CHRIST
£250 FAMILY SPACE
£250 LIFE CHURCH-ELDERLY)
SPONSORSHIP SCHEME)
WORSHIP ACADEMY
ETHIOPIA
£1,000
£2,955
£3,955
£45
£600
£1,200
£720
£150
£240
£2,955
£3,955

5. The book value of assets at 31. 12. 2022 was £535 Insurance value was £6,227

I have examined the books,vouchers & bank statements of Cheltenham Network Church in accordance with the Charities Act 2011 & certify that the statements of finances are true & accurate records of the accounts for the year ending 31st December,2022

C.A. BROWN TREASURER

D.PALMER INDEPENDENT EXAMINER

C.R.HUGHES D.PALMER TREASURER INDEPENDENT EXAMINER

Mthly Slo Mthly Slo Mthly Slo

CHELTENHAM NETWORK CHURCH CHELTENHAM NETWORK CHURCH CHELTENHAM NETWORK CHURCH CHELTENHAM NETWORK CHURCH CHELTENHAM NETWORK CHURCH
STATEMENT OF FINANCES YEAR ENDED 31.12.2022
BALANCE AT 31.12.2021 £24,404.33 note 1
RECEIPTS 2022 2021
NON GIFT AID 2699.00 4895.00
GIFT AID 53905.00 50145.00
TAX RECLAIMED 13692.50 note 2 13525.00
BANK INTEREST 176.57 72.87
CHARITIES AID DONATION 3240.00 3940.00
NETWORKS 1514.19
DESIGNATED GIFTING 3448.98
SUNDRIES 536.00 370.00
79212.24 79212.24 72947.87
£103,616.57
PAYMENTS
EVENTS 0.00 86.49
EMPLOYMENT COSTS 8142.00 8156.80
CONFERENCES/TRAINING 0.00 0.00
EQUIPMENT **333.14 ** 118.52
MISSION/NETWORKS 2034.00 460.00
DONATIONS - GENERAL 4170.00 6270.00
ETHIOPIA 1836.19 480.00
YOUTH WORK 4761.13 6994.55
OFFICE COSTS 1770.36 145.61
MUSIC & VIDEO LICENSE 284.09 269.17
RENT 0.00 150.00
INSURANCE 330.48 329.51
SUNDRIES 258.32 1205.15
PARISH SHARE 46960.00 49500.00
DESIGNATED GIFTING 2093.75
WEBSITE REBRANDING 1260.00 720.00
74233.46 74233.46 74885.80
BALANCE AT 31.12.2022 29383.11
REPRESENTED BY :
CURRENT ACCOUNT C.A.F. 14222.11
SHAWBROOK BANK FIXED TERM 15161.00
29383.11
LESS UNPRESENTED CHEQUES
29383.11
NOTES TO ACCOUNTS
1. Represented by:
Current Account CAF £1,115.87
Virgin Money £8,288.46
Shawbrook Bank £15,000.00
£24,404.33
2. Tax reclaimable in due course at 31.12.2022 Gen.fund £1,153.75
3. The following accounts are also held :
31.12.21 receipts 31.12.22
a) Building Fund account CAF £1,416.02 £5.42 £1,421.44
S'brook £8,000.00 0.00 £8,000.00
4. DONATIONS ARE SHOWN BELOW
FEBA RADIO **£250 ** MID.COTS.EV.ALLIANCE £45
SALVATION ARMY **£250 ** C.Y.F.CHRIST **£600 ** Mthly S/O
LAKESIDE FOODBANK **£250 ** FAMILY SPACE **£1,200 ** Mthly S/O
STREET PASTORS **£250 ** LIFE CHURCH-ELDERLY) **£720 ** Mthly S/O
SPONSORSHIP SCHEME)
WORSHIP ACADEMY £150
ETHIOPIA £240
£1,000 £2,955
£2,955
£3,955
5. The book value of assets **at 31. 12. ** 2022 was £535
Insurance value was £6,227
I have examined the books, vouchers & bank statements of Cheltenham
Network Church in accordance with the Charities Act 2011 & certify that the
statements of finances are true & accurate records of the accounts for the
year ending 31st December,2022
C.A. BROWN D.PALMER
TREASURER INDEPENDENT EXAMINER